YOUR MORNING COFFEE ' Thursday 1/11/2012
SUMMARY
Wall St closed 0.1% lower, after a 2 day closure due to Hurricane
Sandy. Caution prevails ahead of this Friday's October employment
figure, and the US Presidential election, 6 November.
Dow of 13,096, is on a pullback. Support is at 12,977. RSI of 35, is
approaching oversold.
DOLLAR INDEX is higher at 79.9. Resistance is at 80.4.
Crude oil is higher at USD86.2. Support is at 82.0.
Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
Euro/dollar is higher at 1.296. Support is at 1.2840.
Gold is higher at USD1721. Support is at 1643.
Shanghai closed higher at 2,068.
Singapore STI closed higher at 3,041.
Ringgit is firmer at 3.049. Downside is at 3.09.
S'pore ringgit is lower at 2.50. Upside is at 2.540.
Malaysian market closed lower at 1673. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 64, is on a buy divergence. Today's range is between 1669 and 1679.
CPO Jan futures is higher at RM2518. Support is at 2430.
Trading : GAMUDA ( 5398 : 3.60 ) : Take profit, HOVID ( 7213 : 0.245 ) : Take profit, PWROOT ( 7237 : 1.00 ) : Targeting 1.22/Stop loss 0.97, ENVAIR ( 0080 : 0.16 ) : Targeting 0.20/Stop loss 0.14
Source:Jupiter Securities Research,01 November 2012